Exam 10: Contracts
Exam 1: Todays Business Environment: Law and Ethics327 Questions
Exam 2: The Court Systems431 Questions
Exam 3: Trials and Resolving Disputes509 Questions
Exam 4: The Constitution: Focus on Application to Business445 Questions
Exam 5: Criminal Law and Business321 Questions
Exam 6: Elements of Torts465 Questions
Exam 7: Business Torts and Product Liability361 Questions
Exam 8: Real and Personal Property287 Questions
Exam 9: Intellectual Property407 Questions
Exam 10: Contracts584 Questions
Exam 11: Domestic and International Sales424 Questions
Exam 12: Business Organizations459 Questions
Exam 13: Negotiable Instruments, Credit, and Bankruptcy535 Questions
Exam 14: Agency and the Employment Relationship416 Questions
Exam 15: Employment and Labor Regulations539 Questions
Exam 16: Employment Discrimination466 Questions
Exam 17: The Regulatory Process349 Questions
Exam 18: Securities Regulation449 Questions
Exam 19: Consumer Protection483 Questions
Exam 20: Antitrust Law439 Questions
Exam 21: Environmental Law498 Questions
Exam 22: The International Legal Environment of Business338 Questions
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July 10, 2012, the following ad appeared in the newspaper: "Male Collie, age 2, lost near Highway 85 and Laurens Road, $250 reward. Call 654-1909." In July of 2014, someone returns the dog. The owner:
(Multiple Choice)
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A contract formed by performance of actions requested by another party may be called:
(Multiple Choice)
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In Scheerer v. Fisher where Scheerer, a real estate agent, sued Fisher for failing to pay Scheerer for his services in locating property for Fisher, the appeals court held that:
(Multiple Choice)
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If most, but not all, of the obligations of a contract have been finished the contract is considered in breach until completed.
(True/False)
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A quasi-contract is not a true contract; the courts impose an obligation to prevent an injustice.
(True/False)
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In DeRosier v. Utility Systems, where DeRosier had more dirt dumped on his property than he wanted, the appeals court held that DeRosier had no obligation to accept the construction company's low bid to remove the extra dirt.
(True/False)
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In Caley v. Gulfstream Aerospace the court held that when employees were told a new dispute resolution policy would be imposed on them if they kept working that there was no acceptance of an offer, so no contract.
(True/False)
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The promise of a gift is generally considered to be an enforceable promise.
(True/False)
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When a party to a contract does not perform as required, there is:
(Multiple Choice)
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For an exchange of promises to be legally binding, parties must make sure the exchange:
(Multiple Choice)
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The general rule in contract law is that an acceptance of an offer must be its "mirror image."
(True/False)
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Pena was injured in an auto accident involving Fox. Pena's attorney sent an offer to Fox's insurance company offering to drop all claims with respect to Pena, but not any other parties, in exchange for a certain payment. Fox's insurer replied that it would pay the amount, but the payment would settle all possible claims related to the matter. Pena contended the reply was a rejection of the offer and sued. The trial court held that the parties had agreed to settle the matter so there could be no suit. Was that correct?
(Multiple Choice)
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Jennifer enters into a contract when she is sixteen. When she reaches the age of majority she may manifest her intent to be bound to the contract; that is, to ____ the contract.
(Multiple Choice)
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M agrees to buy Z's house. At the last minute, Z refuses to finish the deal. If the court orders specific performance, M gets the house at the contract price.
(True/False)
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The code that was designed to promote uniformity of the laws relating to commercial sales of goods is known as:
(Multiple Choice)
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In contract law, an agreement means that there is a mutual understanding between the parties as to the substance of the contract. This agreement between the parties is reached, in legal terms, through a process of:
(Multiple Choice)
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